NEW DELHI, Jan 26 (Commoditiescontrol) : US soybean net sales were at 1,145,700 metric tonnes (MT) for the week ended January 19 in the marketing year 2022/2023 starting September 1, up 16 percent from the previous week and 53 percent from the prior 4-week average.
US soybean net sales were at 986,200 MT for the week ended January 12.
Net sales were primarily for China (940,300 MT, including 386,000 MT switched from unknown destinations and decreases of 75,600 MT), the Netherlands (67,100 MT, including 66,000 MT switched from unknown destinations), South Korea (58,200 MT, including 55,000 MT switched from unknown destinations and decreases of 200 MT), Bangladesh (57,700 MT, including 55,000 MT switched from unknown destinations), and Italy (46,600 MT, including 41,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (213,100 MT). Total net sales of 129,000 MT for 2023/2024 were for China.
Exports of 1,900,300 MT were down 8 percent from the previous week, but up 11 percent from the prior 4-week average. The destinations were primarily to China (1,172,200 MT), Mexico (228,600 MT), Germany (69,300 MT), the Netherlands (67,100 MT), and Taiwan (58,900 MT).
Optional Origin Sales: For 2022/2023, the current outstanding balance of 300 MT, all South Korea.
Export for Own Account: For 2022/2023, the current exports for own account outstanding balance is 1,500 MT, all Canada.
Soybean Cake and Meal
Net sales of 303,900 MT for 2022/2023 were down 16 percent from the previous week, but up 71 percent from the prior 4-week average. Increases primarily for Colombia (96,900 MT), the Philippines (93,800 MT, including decreases of 600 MT), Venezuela (47,000 MT, including 22,000 MT switched from unknown destinations), the Dominican Republic (43,800 MT), and Guatemala (27,800 MT, including 6,000 MT switched from Honduras, 1,600 MT switched from El Salvador, and decreases of 7,100 MT), were offset by reductions for Ireland (45,000 MT), unknown destinations (22,500 MT), and Morocco (500 MT).
Total net sales of 30,000 MT for 2023/2024 were for Ireland. Exports of 285,800 MT were down 4 percent from the previous week, but up 9 percent from the prior 4-week average. The destinations were primarily to the Philippines (50,700 MT), Vietnam (49,600 MT), Mexico (33,100 MT), Ecuador (31,100 MT), and Guatemala (22,200 MT).
Soybean Oil
Net sales of 2,200 MT for 2022/2023 were up noticeably from the previous week and up 27 percent from the prior 4-week average. Increases were primarily for Mexico (1,700 MT).
Exports of 1,400 MT were up noticeably from the previous week, but down 24 percent from the prior 4-week average. The destination was primarily to Canada (700 MT).
(By Commoditiescontrol Bureau)
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